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PANIQUE

Active
Private limited companyfounded 2009active for 17 yearsGisbert Combazstraat 4, 1060 Sint-Gillis (bij-Brussel), BelgiumKBO/BCE: BE 0808.983.859
Summary

The computed 12-month bankruptcy probability of PANIQUE is 3.1% (moderate). The 2024 annual accounts show equity of €2.3m and a net result of -€172,858. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 73% of 341 sector peers (NACE 59, financial year 2024). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Production of cinema films
NACE 59111
5th largest company by total assets in Sint-Gillis, Publishing and media sector1 site
Size
€3.8mtotal assets 2024
Staff
5.3 FTE
Equity
€2.3m
Loss
-€172,858
Financial health
50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.1%
Structure
Accounts 77 days overdue0 of 6 deeds read
Why 50raises riskFigures for financial year 2024 (filed 02-10-2025)Liquidity: current ratio 1.29, cash €47,2561 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 latelowers riskFounded in 2009Show the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 37% of its sector peers (NACE 59, micro)
Financial strength · tick = 2023
Average
Solvency 84-11
equity 59.4% of total assets
Liquidity 32-8
short-term debt 40.6% · cash 1.2%
Profitability 63-9
return on assets -4.5%
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,567 companies, NACE 59, micro)
Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024lowest value 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.9%▲ +0.1 percentage points vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 1.3%▲ +0.4 percentage points vs 05-2025 07-2025: 1.3%● unchanged vs 06-2025 08-2025: 1.6%▲ +0.3 percentage points vs 07-2025 09-2025: 2.0%▲ +0.4 percentage points vs 08-2025 10-2025: 3.2%▲ +1.2 percentage points vs 09-2025highest value 11-2025: 1.6%▼ -1.6 percentage points vs 10-2025 12-2025: 1.6%● unchanged vs 11-2025 01-2026: 1.6%● unchanged vs 12-2025 02-2026: 1.6%● unchanged vs 01-2026 03-2026: 1.9%▲ +0.3 percentage points vs 02-2026 04-2026: 2.0%▲ +0.1 percentage points vs 03-2026 05-2026: 1.9%▼ -0.1 percentage points vs 04-2026 06-2026: 1.3%▼ -0.6 percentage points vs 05-2026 07-2026: 1.5%▲ +0.2 percentage points vs 06-2026 08-2026: 2.1%▲ +0.6 percentage points vs 07-2026 09-2026: 2.3%▲ +0.2 percentage points vs 08-2026 10-2026: 3.1%▲ +0.8 percentage points vs 09-2026
Credit of up to €110,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.29, compared with 1.63 in 2023, below the usual 1.5; short-term debt: 40.6% and cash: 1.2% of total assets), and 40.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 59, micro): better than 63% on solvency, 21% on liquidity, 39% on profitability and 23% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 02-10-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.29, cash €47,256
NBB · annual accounts
lowers risk · Founded in 2009
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 3 of the last 3 late
NBB · filings
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
61 days late
2022
32 days late
2021
51 days late
2020
72 days late
2019
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 46 days after the deadline; the sector median (NACE 59) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Weakest financial yearnet -€172,858
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Caution: From profit to loss in 2024after €109,294 in 2023 -€172,858 View
  • Caution: Among the weakest 9% on net resultsector median €13,214 · 342 companies -€172,858 View
  • Caution: Accounts not fileddeadline was 31-07-2026 77 days late View
  • Wallonia-Brussels supportpaid from 2021 to 2025 €573,583 View

By topic

Financials

Financial year
2024
Total assets
€3.8m
Loss
-€172,858
Solvency
59.4%
Total assets▼ 13.7%
Net result
20182024
Go to Financials

Timeline

Events
21
Since
2010
  1. 31-12-2023Back to profit
  2. 31-12-2023Equity above €2m
  3. 01-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Production of cinema filmsNACE 59111
Founded
08-01-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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